Private Equity Firm Brenton Point Inks 9K SF at Marx Realty’s 10 Grand Central
Marx Realty has signed two new office deals at its 10 Grand Central property totaling 14,000 square feet, the company announced Thursday. In the largest deal, private equity firm Brenton Point Capital...
View ArticleGlobal Design Firm Perkins&Will Takes 51K SF at 135 West 18th Street
Global design and architecture firm Perkins&Will has inked a 50,680-square-foot lease at 135 West 18th Street, also known as the Altman Building, in Manhattan’s Chelsea neighborhood, Commercial...
View ArticleJemal-Led JV Plans 323-Unit Office-to-Resi Conversion in D.C.
Jemal Real Estate, DivcoWest and JLS Capital have formed a joint venture to extend the wave of office-to-residential conversions in Washington, D.C. The JV plans to convert a 342,000-square-foot office...
View ArticleAI Financial Platform Brex Inks 94K-SF Lease at GFP’s 200 Varick Street
Brex, an AI-powered financial platform, is moving into a new office in Manhattan’s Hudson Square neighborhood. The San Francisco-based artificial intelligence firm, which provides corporate cards,...
View ArticleClik here to view.
Data Centers: There’s So Much to Talk About
All eyes were on the most controversial asset class in America during Commercial Observer’s Data Centers Development and Infrastructure Forum, held Oct. 6 in Midtown Manhattan at the City University of...
View ArticleTerra-Led JV Lands $507M Construction Loan for South Beach Condo Before...
A Terra-led partnership has scored a $507 million construction loan for a waterfront condo tower in Miami Beach — even before launching sales. The financing from Adi Chugh’s Tyko Capital covers the...
View ArticleTJ Maxx Signs 29K-SF Deal to Replace H&M at 150 East 86th Street
Discount department store T.J. Maxx is replacing H&M in a busy retail spread on Manhattan’s Upper East Side, Commercial Observer has learned. T.J. Maxx has signed a lease for 28,837 square feet at...
View ArticleDwight Capital Refis Pennsylvania Apartments With $34M HUD Loan
Vanguard Development has landed $34 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to refinance a multifamily property in south-central Pennsylvania, Commercial Observer...
View ArticleToll Brothers Buys West Chelsea Development Site for $45M
It looks like there’s more luxury housing coming to Manhattan’s swanky West Chelsea neighborhood. Homebuilder Toll Brothers, through its Toll Brothers City Living condo development division, has...
View ArticleAI Platform Synthesia Moves HQ to 50K SF at GFP’s 675 Avenue of the Americas
Artificial intelligence companies are continuing to scoop up Midtown’s premiere office space. AI video platform Synthesia, which provides an enterprise-focused communications platform backed by “Shark...
View ArticleInteractive Floor Plans Platform Planpoint Exits Stealth
Planpoint, a real estate marketing platform that turns floor plans and site maps into interactive tools for selling and renting property, emerged from stealth mode Thursday, Commercial Observer has...
View ArticleGet to Know the Broker: Marlene Hamad of Platinum Forbes Global Properties
Marlene Hamad was going to make it in New York City come hell or high water. She was a fresh-faced 22-year-old college graduate pursuing a dream. At first, that dream looked like a career as a...
View ArticleClik here to view.
In Brooklyn, the Old Ways of Development Just Won’t Cut It
In the last 10 years, Brooklyn’s development market was defined by factors including rapid growth, spiking property values and a willingness to take bigger risks. Developers pursued ambitious projects...
View ArticleDelivery Service Spot & Tango, Ad Firm MediaRadar Sign at 11 Bryant Park Plaza
Two companies have signed for close to 32,000 square feet of office space at 11 Bryant Park Plaza. Dog food delivery service Spot & Tango took 15,931 square feet on the entire seventh floor of the...
View Article13th Floor Sells Florida Housing Community for $29M
13th Floor Investments has sold a new housing community designated for residents 55 years and older in West Delray Beach, Fla., for $29.3 million, property records show. Robbins Property Associates...
View ArticleESRT Faces New Activist Investor Following Stake Acquisition
An activist shareholder has arrived at Empire State Building Trust (ESRT). Erez Asset Management, a New Rochelle, N.Y.-based activist investment firm and hedge fund manager, has disclosed its...
View ArticleCitigroup Supplies $28M Refi for Revived Office Building in Arlington, Va.
A Washington, D.C., developer has secured fresh capital to continue engineering the turnaround of a once-struggling office building just across the Potomac River. Jemal Equities, which is run by...
View ArticleThree Fashion Tenants Ink Deals at 231 West 39th Street
Three women’s apparel brands have taken office and showroom space at 231 West 39th Street in Manhattan’s Garment District, landlord broker and building manager Adams & Company announced Wednesday....
View ArticleFinancial Services Firm Rothera Signs Lease at 242 West 38th Street
Cohen Capital and Solomon Acquisitions have signed three new office deals totaling 10,266 square feet at their Garment District office property at 242 West 38th Street, Commercial Observer has learned....
View ArticleClik here to view.
The Interest Rate Hike Shifts the Calculus on New York City Multifamily...
For the last two years, commercial real estate investors and operators have been waiting for one thing: lower interest rates. They may need to stop waiting. The Federal Reserve in September raised its...
View Article
